Benefits|FSA

Flexible Spending Accounts

FSA provided by Ameriflex

Customer Service Number: 888.868.3539

Website: www.myameriflex.com

What is a Flexible Spending Account (FSA) and how does it work?

An FSA is a type of savings program that’s set up by your employer. It’s like a savings account where you contribute a certain amount of money from each paycheck before taxes are taken out. (That money is also called pre-tax dollars.)
The amount you can put into your FSA is called an “annual election.” During open enrollment, you decide how much money to put into your FSA for the upcoming plan year. Then a certain amount is taken out of your paycheck in equal amounts during the plan year until it equals your total annual election. The money is flexible so you can spend it to pay for your eligible FSA expenses. Some of those expenses you may already be paying for out of your own pocket. (See below for different types of eligible expenses.)

Give yourself a raise.

Having an FSA means you’re paying less tax. And that means you’re increasing your take-home pay. It’s like giving yourself a raise! Of course, how much you save depends on your income tax bracket. For example, if you’re in a 30% tax bracket, you can save $30.00 for every $100 that you put into your FSA. So, if you put $1,000 into your FSA one year, you increase your annual take home pay by $300.

Use your health FSA for these types of eligible out-of-pocket expenses:

• Copays and deductibles
• Prescription drugs and over-the-counter (OTC) insulin
• OTC health care items, such as bandages, thermometers and blood pressure monitors
• Dental care including X-rays, cleanings and orthodontics
• Vision care including eye exams, contact lenses and laser eye surgery
• Chiropractic and acupuncture services
  

What else you should know about a health FSA?

• You can contibute up to $3400 for the 2026 plan year.
• You can use the entire election amount on the first day of the plan year. But your contributions will still be taken out of your paychecks in equal amounts during the year.
• You can rollover up to $640 if you do not spend it all by the end of your plan year. 
  

Want to save money on dependent care? Enroll in a dependent care FSA.

Current tax laws let you set aside up to $3750/$7500 per plan year to pay for work-related child daycare or adult dependent care.

Use your dependent care FSA for these types of eligible work-related expenses:

• Care for your qualifying child under the age of 13
  – Before- and after-school care
  – Babysitting costs (in or out of your home)
  – Nursery school (below kindergarten level)
  – Day camp

• Care for your qualifying child, spouse or relative
  – If they are physically or mentally incapable of taking care of themselves and live in your home